City AM reporter, Helen Cahill examines how the staff of failed retail chain Austin Reed found out about the store closures from the media rather than the Administrators. “Nick Hood, business risk adviser for Opus Restructuring, said that while administrators try to keep employees as well informed as possible, it can be difficult. He said: “It depends on the particular circumstances,
Our Business Risk Advisor, Nick Hood gives his thoughts on the stretched finances of Four Seasons, which provides around 4% of the UK’s residential care beds in article by Gill Plimmer in the FT. “It’s encouraging that Four Seasons is getting at least some traction with extracting higher fees from local authorities, but a further increase in its bottom line
Our Business Risk Adviser, Nick Hood was interviewed on the BBC News Channel by Jamie Robertson on the prospects for the parliamentary committee hearings into the demise of retail chain, BHS. Click here to see the video
The financial position of the UK’s largest residential care operator, Four Seasons have come under scrutiny in recent months after suffering down ratings by two major credit agencies. Opus provides expert comment for CMM Magazine’s feature. Unfortunately, Four Seasons is clearly not profitable and two of the world’s leading credit rating agencies have now warned that the debts are unsustainable
INSOL World, the quarterly magazine of the global insolvency association INSOL International, has published an article by our Business Risk Adviser, Nick Hood on the widespread insolvency reforms happening worldwide. “Now an unexpected deluge of reform is overwhelming the global insolvency scene. In the past six months, no fewer than twelve countries have decided to upgrade legislation governing corporate insolvency, almost
Joanna Bourke analyses the bidding process for the business and assets of the failed retail chain, BHS for the Evening Standard, quoting Opus’s Business Risk Adviser, Nick Hood. “The rumoured bid price certainly looks full, but the bid is led by a retailer with a well-justified reputation for succeeding in the market which BHS so utterly failed to serve in
